PANews reported on September 4th that according to CoinDesk, digital asset company Ripple is expanding its USD-backed stablecoin, RLUSD, to institutional users in Africa through new partnerships with distributors such as Chipper Cash, VALR, and Yellow Card. Meanwhile, Mercy Corps Ventures is testing RLUSD in a climate risk insurance program in Kenya. In one trial, stablecoin funds are automatically disbursed when satellite data indicates drought conditions. Another pilot supports rainfall insurance, where extreme weather events trigger payouts.
Ripple is expanding its stablecoin RLUSD to institutional users in Africa
Share to:
Author: PA一线
This content is for informational purposes only and does not constitute investment advice.
Follow PANews official accounts, navigate bull and bear markets together
Ethereum's turbulent decade
Ten years have passed since the creation of Ethereum. Where is the "world computer" headed? This special feature will feature selected articles reviewing Ethereum's turbulent decade of rise, challenges, and breakthroughs.
PAData: Web3 in Data
Data analysis and visual communication of industry hot spots help users understand the meaning and opportunities behind each data.
Pioneer's View: Crypto Celebrity Interviews
Exclusive interviews with crypto celebrities, sharing unique observations and insights
AI Agent: The Journey to Web3 Intelligence
The AI Agen innovation wave is sweeping the world. How will it take root in Web3? Let’s embark on this intelligent journey together
Memecoin Supercycle: The hype around attention tokenization
From joke culture to the trillion-dollar race, Memecoin has become an integral part of the crypto market. In this Memecoin super cycle, how can we seize the opportunity?
Real-time tracking of Bybit attack
Bybit suffered a security incident, and funds worth $1.44 billion were withdrawn. A North Korean hacker group was accused of being the perpetrator.